Acuity Growth & Income Trust declares distribution



    /THIS PRESS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES/

    (TSX:  AIG.UN)

    TORONTO, March 23 /CNW/ - Acuity Growth & Income Trust (the "Trust")
announces an indicative distribution for the following twelve months of
$0.70 per unit ($.058333 per month). This is based upon the prevailing market
conditions and the Manager's estimate of distributable cash flow for the year.
    The distribution per unit per month for record dates through to March 31,
2008, is as follows:

    
    Month        Record Date          Payment Date            Amount
    -----        -----------          ------------            ------

    April        April 30, 2007       May 10, 2007            $0.058333

    May          May 31, 2007         June 14, 2007           $0.058333

    June         June 29, 2007        July 12, 2007           $0.058333

    July         July 31, 2007        August 9, 2007          $0.058333

    August       August 31, 2007      September 13, 2007      $0.058333

    September    September 28, 2007   October 11, 2007        $0.058333

    October      October 31, 2007     November 8, 2007        $0.058333

    November     November 30, 2007    December 13, 2007       $0.058333

    December     December 31, 2007    January 10, 2008        $0.058333

    January      January 31, 2008     February 14, 2008       $0.058333

    February     February 29, 2008    March 13, 2008          $0.058333

    March        March 31, 2008       April 10, 2008          $0.058333
    

    Acuity Investment Management Inc. ("Acuity") provides investment advisory
and portfolio management services to the Trust. The Trust will invest in a
diversified portfolio of securities consisting primarily of units of income
funds and common shares (the "Portfolio"). Acuity was formed in 1990 and
currently has assets under management of approximately $8.8 billion.

    %SEDAR: 00019990E




For further information:

For further information: Ian O. Ihnatowycz, President, or George Henry,
Chief Financial Officer, at Acuity Funds Ltd. at 1-800-461-4570

Organization Profile

ACUITY GROWTH & INCOME TRUST

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ACUITY FUNDS LTD.

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